At least 24 people were arrested in 13 countries in a US-led sting operation targeting cyber criminals buying and selling stolen credit card information, officials said Tuesday.
"Operation Card Shop" targeted "sophisticated, highly organized cyber criminals involved in buying and selling stolen identities, exploited credit cards, counterfeit documents, and sophisticated hacking tools," FBI's assistant New York director-in-charge Janice Fedarcyk said.
The case involved law enforcement agencies in Britain, Australia, Bosnia, Bulgaria, Denmark, Canada, France, Germany, Italy, Japan, Macedonia and Norway, officials said.
Eleven people were arrested in the United States and 13 others arrested overseas, in seven different countries, a statement by prosecutors said.
According to a statement from New York federal prosecutor Preet Bharara, the operation "prevented estimated potential economic losses of more than $205 million, notified credit card providers of over 411,000 compromised credit and debit cards, and notified 47 companies, government entities, and educational institutions of the breach of their networks."
"As the cyber threat grows more international, the response must be increasingly global and forceful," Bharara said.
"The coordinated law enforcement actions taken by an unprecedented number of countries around the world today demonstrate that hackers and fraudsters cannot count on being able to prowl the Internet in anonymity and with impunity, even across national boundaries."
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